How many Dryer Vent Squad outlets were operating in Ohio at the end of 2022?
Dryer_Vent_Squad Franchise · 2024 FDDAnswer from 2024 FDD Document
2022 | 0 | | | 2023 | 0 | [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
TABLE NO. 3 STATUS OF FRANCHISED OWNED OUTLETS FOR YEARS 2019 to 2021
| State | Year | Outlets at Start of Year | Outlets Opened | Terminations | Non Renewals | Reacquired by Franchisor | Ceased Operations for Other Reasons | Outlets at End of Year |
|---|---|---|---|---|---|---|---|---|
| Alabama |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 47–50)
What This Means (2024 FDD)
According to Dryer Vent Squad's 2024 Franchise Disclosure Document, there were 2 outlets operating in Ohio at the end of 2022. The table provided in Item 20 of the FDD outlines the number of outlets at the start of the year, outlets opened, and outlets at the end of the year for various states over the period of 2021-2023. This information is useful for prospective franchisees to understand the growth and presence of Dryer Vent Squad in specific states.
Specifically, for Ohio, the table shows that in 2021, there were 0 outlets at the start of the year, 2 outlets were opened, and 2 outlets were operating at the end of the year. In 2022, there were 2 outlets at the start of the year, no new outlets were opened, and there were still 2 outlets operating at the end of the year. In 2023, there were 2 outlets at the start of the year, 1 outlet was opened, 1 outlet was reacquired by the franchisor, and 2 outlets were operating at the end of the year.
This data indicates that Dryer Vent Squad had a modest presence in Ohio during the 2021-2023 period, with a consistent number of outlets operating. A prospective franchisee should further investigate the performance and location of these outlets to assess the market potential in Ohio. Understanding the reasons behind the franchisor reacquiring an outlet in 2023 could also provide valuable insights.